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Regulatory Capital Requirements (Tables)
6 Months Ended
Jun. 30, 2023
Regulatory Capital Requirements Under Banking Regulations [Abstract]  
Schedule of Bank Actual and Required Capital Amounts and Ratios

The following table presents actual and required capital ratios as of June 30, 2023 and December 31, 2022 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations.

 

 

 

June 30, 2023

 

 

December 31, 2022

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

131,498

 

 

 

12.88

%

 

$

125,632

 

 

 

12.89

%

For capital adequacy purposes

 

 

77,616

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

To be well capitalized

 

 

97,020

 

 

 

10.00

 

 

 

97,441

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

125,510

 

 

 

12.29

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

58,212

 

 

 

6.00

 

 

 

58,465

 

 

 

6.00

 

To be well capitalized

 

 

77,616

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

125,510

 

 

 

12.29

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

43,659

 

 

 

4.50

 

 

 

43,848

 

 

 

4.50

 

To be well capitalized

 

 

63,063

 

 

 

6.50

 

 

 

63,337

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

125,510

 

 

 

10.41

%

 

$

120,912

 

 

 

10.93

%

For capital adequacy purposes

 

 

48,247

 

 

 

4.00

 

 

 

44,248

 

 

 

4.00

 

To be well capitalized

 

 

60,309

 

 

 

5.00

 

 

 

55,311

 

 

 

5.00